The event, which is billed as a cocktail reception, is a joint production of Obama for America, the LGBT Leadership Council and the Futuro Fund, and will take place on Monday, May 14.

The fund-raiser seems to overlap two constituencies that Obama is counting on for both political and financial support. The president has touted his work on gay issues like repealing Don't Ask Don't Tell, and refusing to defend parts of the Defense of Marriage Act, even as his evolving views haven't yet led him to endorse full same-sex marriage rights. And his campaign has been aggressively courting the Latino community, in part by highlighting Mitt Romney's right-leaning positions on immigration and the DREAM Act.

The event will be limited to around 200 people, and tickets start at $5,000, with $15,000 to co-host, and the full $35,800, split between the campaign and the Democratic National Committee, to serve as a co-chair.